No. 1 Port in the Nation in 2024
The Port of Laredo is the number 1 port in the nation among more than 450 airports, seaports, and border crossings with $339 billion in total trade with the world in 2024 according to the U.S. Census Bureau data analyzed by WorldCity.
In 2024, Port Laredo’s trade up 5.98 percent
In 2024, trade at Port Laredo was valued at $339.03 billion, an increase of 5.98 percent through December.
Exports totaled $128.26 billion, up 4.12 percent while imports were valued at $210.77 billion, up 7.14 percent.
The deficit at Port Laredo was $82.52 billion.
Year-to-date, Port Laredo’s trade up 4.76 percent
On a year-to-date basis, trade at Port Laredo was valued at $235.9 billion, an increase of 4.76 percent through August.
Exports totaled $85.67 billion, down 0.75 percent while imports were valued at $150.23 billion, up 8.19 percent.
The deficit at Port Laredo was $64.56 billion.
Port Laredo’s trade with top trade partner Mexico has increased 4.50 percent YTD
Port Laredo’s top five trade partners accounted for 98.59 percent of its total trade through August. By way of comparison, the United States’ top five trade partners accounted for 44.52 percent.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Mexico rose 4.5 percent to $229.44 billion.
Exports fell 0.75 percent to $85.54 billion. Imports rose 7.89 percent to $143.9 billion. - Trade with No. 2 China fell 15 percent to $1.08 billion.
Exports rose 354.28 percent to $1.14 million. Imports fell 15.07 percent to $1.08 billion. - Trade with No. 3 France rose 7.6 percent to $760.9 million.
There were no exports. Imports rose 7.63 percent to $760.9 million. - Trade with No. 4 Japan rose 63.36 percent to $701.72 million.
Exports rose 7.28 percent to $9.15 million. Imports rose 64.49 percent to $692.57 million. - Trade with No. 5 Nicaragua fell 0.39 percent to $578.91 million.
Exports rose 2.8 percent to $96.15 million. Imports fell 1.01 percent to $482.76 million.
Port Laredo had trade surpluses with 19 countries and deficits with 103 through August. That compares with 17 surpluses and 120 deficits for the same period one year earlier. The top three surpluses through August of this year were with Chile, $1.13 million; Hong Kong, $874,217; and Panama $842,653.The top three deficits through August of this year were with Mexico, $58.36 billion; China, $1.08 billion; and France, $760.9 million.
At this time a year ago, the top five trade partners were Mexico, China, France, Nicaragua and Japan.
By tonnage, the top five trade partners year-to-date are Mexico, China, France, Japan and Nicaragua.
At this time a year ago, the top five by tonnage were Mexico, China, France, Nicaragua and Japan.
Port Laredo: Exports
The most valuable Port Laredo export, Motor vehicle parts, has decreased 1.52 percent YTD
Port Laredo’s top five exports accounted for 21.45 percent of all its exports through August. By way of comparison, the United States’ top five exports accounted for 23.21 percent.
Here’s a closer look at the top five, by value:
- Motor vehicle parts fell 1.52 percent compared to last year to $9.53 billion.
- Gasoline, other fuels rose 24.11 percent compared to last year to $3.21 billion.
- Diesel engines fell 13.39 percent compared to last year to $2.01 billion.
- Civilian aircraft, parts rose 100.37 percent compared to last year to $1.89 billion.
- Motor vehicle engines rose 45.5 percent compared to last year to $1.74 billion.
At this time a year ago, the top five exports were Motor vehicle parts; Gasoline, other fuels; Electric storage batteries; Diesel engines; and Passenger vehicles.
By tonnage the top five exports year-to-date are Cassava, arrowroot, fresh or dry; Newsprint, in rolls or sheets; Flat panel display; Misc. cereal grains; and Misc. printed matter, including photos.
At this time a year ago, the top five by tonnage were Misc. knitted, crocheted garments; Non-glass vacuum flasks; Petroleum jelly, mineral waxes; Plastic shoes; and Sulfides, polysulfides.
Port Laredo: Imports
The most valuable Port Laredo import, Motor vehicle parts, has decreased 2.43 percent YTD
Port Laredo’s top five imports accounted for 38.44 percent of all its imports through August. By way of comparison, the United States’ top five imports accounted for 22.9 percent.
Here’s a closer look at the top five, by value:
- Motor vehicle parts fell 2.43 percent compared to last year to $17.55 billion.
- Computers rose 166.29 percent compared to last year to $17.28 billion.
- Passenger vehicles rose 9.1 percent compared to last year to $11.24 billion.
- Cell phones, related equipment rose 35.22 percent compared to last year to $5.97 billion.
- Commercial vehicles fell 24.74 percent compared to last year to $5.7 billion.
At this time a year ago, the top five imports were Motor vehicle parts; Passenger vehicles; Computers; Commercial vehicles; and Tractors.
By tonnage the top five imports year-to-date are Track suits, ski-suits & swimwear; Misc. duty free imports; Hydrogen, raw gases; Artificial flowers, foliage; and Cyanides, cyanide oxides.
At this time a year ago, the top five by tonnage were Cassava, arrowroot, fresh or dry; Basketwork, wickerwork; Windshield wipers, electric light parts; Cereal groats, meal, pellets; and Children’s picture, drawing or coloring books.
Port Laredo: Ports
By value, Port Laredo was responsible for 6.29 percent of U.S. trade through August, ranking No. 3 among all ports and No. 1 among all border crossings.
Last year Port Laredo, posted total trade with the world of $339.03 billion. The Port’s deficit was $82.52 billion. Exports totaled $128.26 billion and imports came to $210.77 billion.
